13200 Kingston Ave Chester, VA 23836-5705

Property Details for 13200 Kingston Ave

Year built

1998

Lot size

3.29 lot acres

Property size

3,627 SF

Zone code

C3 - COMMUNITY BUS DIST

Property type

Commercial real estate

APN

818-65-19-34-400-000

APU

818651934400000

Description

This exceptional investment opportunity presents a thriving retail center in Chester, Virginia, featuring a Shell gas station, Subway, and Jiffy Mart convenience store. The property boasts a long-term net lease (NNN) with 12 years remaining on the primary term, followed by three 5-year options. The lease includes a favorable 10% rent escalation every five years, ensuring consistent income growth. The center includes six gasoline dispensers, a diesel dispenser, four high-speed fueling positions, ample truck parking, and an ATM. The convenience store offers truck parts and accessories, adding to its revenue streams. The property enjoys a prime location directly off VA-10E, a major thoroughfare with a high annual average daily traffic count of 37,000 (2024 data). The strong tenant mix, long lease term, and built-in rent increases make this a compelling investment with a current Net Operating Income (NOI) of $288,720 and a 6.75% cap rate. The asking price is $4,277,333. The property is situated just 17 miles (approximately a 23-minute drive) from Richmond, providing access to a larger market. This is a turnkey operation with significant upside potential. The property is 100% occupied.

Location Insight

City

Chester

County

Chesterfield

State

Virginia

Longitude

-77.3441

Latitude

37.3455

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments